Canada Pension Plan Investment Board Invests $6.73 Million in Celanese Corporation $CE

Canada Pension Plan Investment Board bought a new position in shares of Celanese Corporation (NYSE:CE - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 146,300 shares of the basic materials company's stock, valued at approximately $6,730,000. Canada Pension Plan Investment Board owned about 0.13% of Celanese at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its position in Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock worth $28,000 after purchasing an additional 270 shares during the period. National Bank of Canada FI bought a new position in shares of Celanese in the third quarter valued at about $34,000. Smartleaf Asset Management LLC raised its position in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 331 shares during the period. UMB Bank n.a. lifted its stake in shares of Celanese by 175.7% during the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company's stock worth $38,000 after buying an additional 571 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Celanese during the 4th quarter worth about $41,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Insider Activity at Celanese

In other news, SVP Mark Christopher Murray bought 2,153 shares of the company's stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the transaction, the senior vice president owned 30,432 shares of the company's stock, valued at $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Citigroup decreased their price target on shares of Celanese from $80.00 to $68.00 and set a "buy" rating on the stock in a research note on Wednesday, June 24th. Wall Street Zen downgraded shares of Celanese from a "buy" rating to a "hold" rating in a research report on Saturday, June 20th. Mizuho set a $50.00 price objective on Celanese in a report on Wednesday, August 5th. Wells Fargo & Company decreased their target price on Celanese from $80.00 to $65.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Finally, Bank of America lowered their target price on Celanese from $72.00 to $63.00 and set a "buy" rating on the stock in a research note on Tuesday, June 30th. Nine research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Celanese presently has an average rating of "Hold" and an average price target of $63.71.

Celanese Stock Performance

Shares of NYSE:CE opened at $44.95 on Friday. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70. The company's 50 day moving average price is $46.00 and its two-hundred day moving average price is $53.58. The firm has a market cap of $4.93 billion, a PE ratio of -4.20, a PEG ratio of 0.29 and a beta of 0.76. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.22. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Equities research analysts predict that Celanese Corporation will post 5.99 earnings per share for the current year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were given a $0.03 dividend. The ex-dividend date was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese's dividend payout ratio (DPR) is presently -1.12%.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.

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